The Brazilian police arrested a criminal group that organized a fraudulent cryptocurrency investment scheme. Paraná State Police investigated criminal activity in São Paulo, Curitiba and other cities. During the police operation, nine people were arrested.
According to the state government, fraudsters appropriated about 1.5 Bln Brazilian reais ($359 Mln), deceiving about 5,000 citizens, promising high interest for investments in cryptocurrencies. Criminals attracted victims via social networks. A four-month investigation ended last Thursday when police charged the suspects with fraud, money laundering, criminal conspiracy and forgery.